Payment Platform that is Cloud-based Released for Businesses

BRISBANE, QUEENSLAND, AUSTRALIA – 16 Nov, 2015 –Cloud Banking Ltd. is proud to announce that their cloud-based platform was released on October 30, 2015. The Cloud Banking platform brings a cost effective and efficient solution to businesses that use reoccurring payments and who amortize single invoices into payment plans.

“We are so excited to bring Cloud Banking to the market. Over the past three years, we have been successfully developing and testing this product in conjunction with the National Australia Bank,” says Sean Russell, Founder and Director of Cloud Banking Ltd. “We are also very thankful for the wonderful bookkeepers, accountants and business owners that have assisted us to test this product in preparation for the market.”

Cloud Banking is a comprehensive set of automated, cloud-based payment tools that will help businesses of all sizes to greatly increase the rate of cash flow and reduce both the cost and their bookkeeping commitments. In fact, Cloud Banking eliminates the need for a payment gateway and other cash flow management tools that not only eat away at a businesses’ revenue, but also incur significant time commitments. Essentially, Cloud Bankingwill act as the seamless front end to the respective bank so that businesses may obtain all of the flexibility, connectivity and speed of a payment gateway, but with much lower risk and with the pricing structure of a direct bank customer.

Mr. Russell explains, “This is an end to end cloud-based software platform that revolutionises the payment market and assists businesses in getting paid faster, while reducing debtors, without the aggression of a debt collection service. While it looks like a payment gateway, it is definitely not one, as processing automated payments is just a part of what the program does. Cloud Banking acts as a seamless substitute directly for any bank.”

In 2016, Cloud Banking expects to be licensing a white label version of The Cloud Banking software to a number of other banks and financial associations in Australia and World Wide. This will allow them to offer full Cloud Banking functions to their members and to numerous business owners.